Mastercard is determined to leverage new networks and technologies to drive growth in adjacent areas and maximize its strengths in managing global payment networks. Michael emphasizes the importance of digital identification and open banking, which have become crucial for accessing government services, voting, and online shopping in many countries.
Mastercard has already established a strong presence in the US with its open banking assets connecting to thousands of banks and deposit accounts, enabling seamless data sharing with partners like Verizon and Worldpay. The company is committed to building a smarter, safer, and more inclusive digital future that meets the evolving expectations of its customers, partners, account holders, and shareholders.
Looking ahead to 2024, Mastercard remains focused on delivering high-quality payment services that its stakeholders rely on every day. With a commitment to innovation and excellence, the company continues to shape the future of payments by embracing new technologies and leveraging its expertise in managing global payment networks.